Drumstick Posted December 23, 2016 Report Share Posted December 23, 2016 I'm considering buying this aircraft. Current owner lives in a dry climate and flies 50-100 hours annually. I've know the owner for longer than they own the plane. What would be a "fair" price? Paint and interior are both 7 out of 10. Overall: Outstanding 1965 M20C very well equipped for IFR flight. Impeccable maintenance history – no expense spared. **TOP PROP CONVERSION** – New Prop and hub eliminating 100 hour eddy current inspection requirement. One owner last 10 years - always hangared. No damage history – full logbooks. TTSMOH: 1570 TTAF: 4775 Avionics: Garmin GMA340 Audio Panel Garmin GNS430 NAV/COM GPS (non waas) Garmin GI-106A GPS / VOR / LOC / Glideslope Indicator King KX-155 Digital Nav/Comm with VOR/Localizer STEC 30 Autopilot with Altitude Hold King KT-76A Transponder with Mode C Shadin Mini-Flo-L fuel flow indicator (connected to GNS430 to provide fuel remaining, fuel required to destination, fuel reserves at destination & endurance) Horizon P-1000 Digital Tach Insight G-2 Engine Monitor (4-Probe EGT/CHT, Fuel Flow, Carb Temp) Davtron Digital 5 function display (OAT-F OAT-C, Density Alt, Pressure Alt, Voltage) New/Overhauled Equipment: Top Prop Conversion - New Prop and hub (New 2012 ) Nose gear steering assembly (New 2014) Alternator (New 2013) Carburetor (New 2013) Dukes Fuel Pump (Rebuilt 2007) Ignition Harness (New 2007) Magnetos (Rebuilt 2013) Attitude Indicator (New 2016) Altitude Indicator (Rebuilt 2011) VSI (Rebuilt 2013) Battery (New 2016) Features: Bruces Custom Cover LASAR Pilot Side Instrument Panel LASAR Cowl Closure Mod Precise Flight Standby Vacuum System Lightweight Highspeed starter (New 2011) Sigtronics 4-place Intercom Radio Master Johnson Bar Gear One piece windshield Pilot and co-pilot shoulder harnesses Belly Strobe Dual Push to talk Quote Link to comment Share on other sites More sharing options...
KSMooniac Posted December 23, 2016 Report Share Posted December 23, 2016 Wild guess 40-45k. Has a lot going for it except higher engine time, but that is easy enough to fix when the time comes.Sent from my VS985 4G using Tapatalk Quote Link to comment Share on other sites More sharing options...
carusoam Posted December 23, 2016 Report Share Posted December 23, 2016 Look online for the nicest M20Cs and see what they are trading for. Plan on having a PPI done. This protects your wallet from things that the current owner isn't aware of... Best regards, -a- Quote Link to comment Share on other sites More sharing options...
cliffy Posted December 24, 2016 Report Share Posted December 24, 2016 40 to 48K 48 on high side Take NOTHING at face value. Only a good PPI by someone who knows Mooneys will tell you if the ad is legit. In or out of annual? when flown last? damage history and repairs? where has it spent its life (by the ocean)? How long since the last overhaul (calendar time)? Always always always do a corrosion ck by someone who knows where to look!!! Fuel tank leaks? verify each AD not just by reading the book. Check model and serial numbers on airframe, engine data plate, prop s/ns, verify all accessories are what they should be. Same with all radios-check serial numbers from log book to actual units. Last magneto 500 hr inspection? How many hours on alt brushes? starter time, alternator belt install date? Ever had cylinders off? How many hours on each jug? How many hours on the muffler since overhaul? Boroscope it to check condition of flame tubes inside. Pressure check it for cracks (its your life if there is CO in the cabin heat). Have a gear overcenter torque check done. Its quick and could save you some grief Check the tail hinge bolts for wear by moving the stabilizer tip up and down and fore and aft to find movement. If its loose find out why. Same with the back of the rudder up and down. A little is normal, lots is not. When its up on jacks for the gear check test the nose wheel for free play left and right. 5 degrees is OK no more. 20 degrees each side is not. Which stby vac system II or V? It makes a difference. CAW inspections done on it? Verify each and every switch and light works as designed even every function of each radio!!!! If it all checks out you'd have a good airplane for 400-500 hrs before engine time. 1 Quote Link to comment Share on other sites More sharing options...
3914N Posted December 27, 2016 Report Share Posted December 27, 2016 Drumstick-All comments above are spot on. Hard to give a price without pictures as paint/interior ratings are subjective. Remember that in the next 5 years you have to plan on dumping $4k into ads-b and $20k into the engine, in addition to all other maintenance. The real question is how much the airplane is worth to YOU. The fact that the 430 is non-WAAS is a major bummer if you're planning on IFR flying. If you're VFR it doesn't matter.Flying 50-100 hours/yr is a major plus. Knowing and trusting the current owner is a major plus. Sent from my iPad using Tapatalk Quote Link to comment Share on other sites More sharing options...
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